Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmakers last week approved a bill that gives a …
Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In his annual …
It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 …
BlackRock Inc. is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on …
Allied World Assurance Company Holdings, AG announced that its shareholders have elected Patricia L. Guinn and Fiona E. Luck to the company’s Board of Directors at a special shareholder meeting to serve until the company’s annual shareholder meeting to be …
Global broker Cooper Gay Swett & Crawford (CGSC) has appointed three senior officers to its board of directors with immediate effect. Shaun Hooper, CEO of CGSC International, Gordon Newman, CEO of CGNMB and Thomas P Ruggieri, CEO & President of …
President and CEO of nationwide broker Celedinas Insurance Group, Ray Celedinas, has been appointed to the Assurex Global Board of Directors. Assurex Global is a global privately held commercial insurance, risk management and employee benefits brokerage group. A partner firm …
Tokio Millennium Re (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that Hans-Peter Gerhardt has been appointed to its Board of Directors as an Independent Non-Executive Director. TMR’s Board Chairman Ian …
The Zurich Insurance Group announced that Cecilia Reyes, currently Chief Investment Officer and Regional Chairman of Asia Pacific, will become Chief Risk Officer, effective July 1, 2015, succeeding Axel P. Lehmann. Urban Angehrn, currently Head of Alternative Investments, will become …
Thomas F. Motamed, chairman and chief executive of CNA Financial Corporation, has been appointed chairman of the CNA Insurance Company Limited (CNA Europe) Board of Directors, effective as of August 18, following approval from the Prudential Regulation Authority (PRA). He …
